Willy Wu: “Bitcoin could reach $ 135,000 in the next bullish cycle”

Popular cryptocurrency analyst Willy Woo believes that during the next bullish cycle,The first cryptocurrency can reach $ 135,000.

Wu made his statement during the program“Keiser Report,” led by Max Keiser. The analyst said that he had analyzed the data of the first cryptocurrency blockchain. According to him, a new round of Bitcoin growth has already begun.

“Bitcoin can grow 35 times in aggregateaverage price. And this has already happened repeatedly. Now the maximum lies, in my opinion, above $ 50,000, but this maximum is growing every day, ”said Wu.

The analyst also noted that Bitcoin hasfour-year cycles associated with halving the rewards to miners, which gives an impetus to the growth of cryptocurrency. The next halving should happen in May of this year.

“I think that according to the most robust forecast, the bitcoin exchange rate will be $ 135,000,” Wu concluded.

He noted that the peak price of the first cryptocurrency will depend on how long the bullish season in the current cycle lasts. The maximum can be at any mark from $ 100,000 to $ 250,000.

Previously known cryptocurrency skeptic Peter Schiff (Peter Schiff) said that he did not expect the growth of the first cryptocurrency and advised to sell bitcoin.

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